The Reserve Bank of India’s (RBI) foreign exchange reservesfell by $471.4 million for the week ended January 2 to $319.24 billion, shows Reserve Bank of India (RBI) data released Friday. Foreign currency assets, a key component of reserves, fell by $863.2 million to $294.54 billion. Gold reserves rose $392.7 million during the week at $19.38 billion. For the week under review, the Special Drawing Rights(SDRs) fell by $0.7 million to $4.19 billion, while India’s reserve position with the International Monetary Fund was down $ 0.2 million to $1.14 billion.

The country’s reserves surged by $1.432 billion to $316.311 billion in the week to November 28 due to rise in foreign currency assets, RBI data showed on Friday.

In the previous week, reserves had declined by $672.4 million to $314.878 billion.The foreign currency assets, a major constituent of overall reserves, increased by $1.424 billion to $290.822 billion, RBI said.Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen held in reserves.The country’s gold reserves remained unchanged at $19.738 billion.Special Drawing Rights (SDRs) increased by $6.4 million to $4.229 billion, while the country’s reserveposition with the IMF also rose by $2.5 million to $1.521 billion during the week, the RBI data showed.

India’s forex reserves rose by $419.4 million to $315.551 billion in the week to November 14, driven by a rise in foreign currency assets.

According to data released by the Reserve Bank today, reserves had dipped by $778.4 million to $315.131 billion in the previous week.

The foreign currency assets, a major constituent of the overall reserves, increased by $422.7 million to $290.062 billion, the central bank said.

Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen held in reserves.

Despite a spike in gold prices, the country’s gold reserves remained unchanged at $19.738 billion.

The special drawing rights (SDRs) were down by $2.4 million to $4.229 billion, while the country’s reserve position with the IMF declined by $0.9 million to $1.521 billion during the week, the RBI data showed.

India’s foreign exchange (forex) reserves rose by $1.73 billion in the week ended October 31 to touch $315.91 billion. The country’s foreign currency assets, which form a bulk of the forex reserves, were up $2.03 billion at $290.36 billion in the reporting week.

Gold reserves fell $275 million to $19.73 billion.

Special Drawing Rights and the country’s reserve position in the IMF fell by $19.5 million and $7 million, respectively.

The International Monetary Fund has been forced to change the calculation of its most important interest rate after aggressive monetary easing around the world threatened to turn it negative.

Late on Friday, the IMF said it is introducing a floor of 0.05 per cent for the interest rate on Special Drawing Rights, its own form of international currency

The IMF’s move shows how global financial conditions are now easier than they have ever been, more than five years after the end of the Great Recession, leading to the lowest interest rates in its sixty-eight year history.

Rate cuts, asset purchases and forward guidance by central banks around the world continue to disrupt financial markets, forcing participants to adapt in new ways.

“In view of the prevailing interest rates today, the SDR interest rate for the next weekly period starting Monday, October 27, will be established at the floor of 0.05 per cent,” announced the IMF’s executive board.>> Read More

Continuing its downward trend for the fifth consecutive week, the foreign exchange reserves plunged $2.754 billion to $311.427 billion in the week to October 3, led by a major fall in non-US currency assets, according to data released by the RBI on Friday.

In the week to September 26, reserves went down $1.415 billion to $314.181 billion. In the week to July 25, 2014, the reserves had touched $320.56 billion, just short of the life-time high of $320.79 billion on September 2, 2011.

‘Continuing a downward trend for the third consecutive week, India’s foreign exchange reserves fell by $101.3 million to $315.596 billion in the week to September 19 despite a rise in non-US currency assets.

In the week to September 12, the reserves had dropped by $1.615 billion to $315.697 billion.

Foreign currency assets, a major constituent of overall reserves, rose by $18.9 million to $288.783 billion for the week under review.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.

The gold reserves remained unchanged at $20.933 billion.

The special drawing rights were down $8.4 million to $4.324 billion, while India’s reserve position with the IMF dipped by $111.8 million to $1.555 billion during the week, the RBI data showed.

Forex reserves have increased US$ 11.475 billion in FY2015 so far, while jumped US$ 40.347 billion in the calendar year 2014 so far.

Gold reserves were flat at US$ 20.933 billion in the week ended 12 September 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country’s reserve position in the IMF eased slightly to stand at US$ 4.333 billion and US$ 1.667 billion, respectively in the week ended 12 September 2014.

Foreign exchange reserves have fallen to a near eight-week low for the week ended September 5, show RBI data released on Friday. During the week under review, reserves fell $1.33 billion to $317.31 billion, RBI data show. The reserves stood at $317.04 billion in the week ended July 11. Foreign currency assets, a key component of reserves, fell $1.03 billion to $290.36 billion.

For the week under review, the Special Drawing Rights (SDRs) fell by $41.6 million to $4.34 billion, while India’s reserve position with the International Monetary Fund was down $16 million to $1.67 billion.

Crude Oil Clock (In Barrels)

Reader Discretion & Risk Disclaimer

Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.